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bhagwati autocast ltd (BAL) Details

Bhagwati Autocast Limited produces and sells high duty grey iron and ductile iron castings in India. The company offers cylinder head/engine blocks, transmission/trumpet housings, hydraulic lift housings, gear box and clutch housings/oil sump housings, differential housings, lift arm/ram arm/hydraulic lift cylinders, and front axle brackets and support/engine covers for tractor industry; differential cage casting, transmission housings/rear axle housing castings/bearing caps, and hub and brake drum castings for automotive industry; and main cylinders/frame heads/distance pieces, crank shafts, and rotary compressor rotor housings, as well as cylinder, piston, and DB housings for air and gas compressors industry. It also provides valve blocks, valve bodies for directional and control valves, and solenoid valves in the hydraulic industry; wind mill hubs, adaptors, and other parts for wind generation industry; and die mounting plates, and ram and clamp cylinders for plastic injection molding industry, as well as general engineering products, such as gear and power industry housings. The company was founded in 1977 and is based in Ahmedabad, India.

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bhagwati autocast ltd (BAL) Key Developments

Bhagwati Autocast Ltd. Recommends Dividend for 2014-15

May 22 15

Bhagwati Autocast Ltd. has announced that the Board of Directors of the Company at its meeting held on May 22, 2015, the board recommended Dividend of 5% that is INR 0.50 per equity share of INR 10 each for 2014-15.

Bhagwati Autocast Ltd. Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

May 22 15

Bhagwati Autocast Ltd. announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sale of INR 130.408 million against INR 182.840 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 3.249 million against INR 13.789 million a year ago. Profit from ordinary activities before tax was INR 1.739 million against INR 12.308 million a year ago. Net profit for the period was INR 6.930 million or INR 2.41 basic and diluted per share before and after extraordinary items against INR 7.209 million or INR 2.50 basic and diluted per share before and after extraordinary items a year ago.
For the year, the company reported net sale of INR 644.344 million against INR 819.265 million a year ago. Loss from operations before other income, finance costs & exceptional items was INR 28.734 million against profit from operations before other income, finance costs & exceptional items of INR 76.524 million a year ago. Loss from ordinary activities before tax was INR 35.272 million against profit from ordinary activities before tax of INR 67.414 million a year ago. Net loss for the period was INR 25.785 million or INR 8.95 basic and diluted per share before and after extraordinary items against net profit for the period INR 46.502 million or INR 16.14 basic and diluted per share before and after extraordinary items a year ago.

Bhagwati Autocast Ltd., Board Meeting, May 22, 2015

May 14 15

Bhagwati Autocast Ltd., Board Meeting, May 22, 2015. Agenda: To approve the audited financial results for the quarter and financial year ended March 31, 2015; to approve internal code of Conduct & Code of Practices & Procedures for fair disclosure of Unpublished Price Sensitive Information; and to recommend dividend of 5% that is INR 0.50 per equity share of INR 10/- each for 2014-15.

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